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Category Archives for Friday Q&A

How to Avoid Impulsive Trades

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Impulsive trading concept

Happy Friday! This week’s question comes from Tavi, who asks: I have a habit of making impulsive trades that ruin my chance of turning a profit. How can I fix this? Impulsive trading is something that all Forex traders struggle with, some more than others. Even I make the occasional impulsive trade from time to […]

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How to Cut Losing Trades Short

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Man using hand to stop trading losses

I usually kick off the Q&A posts with a question from someone. However, this week I’m going to take a different approach. Last week I covered how to hold winning trades longer, so I thought it was only fitting to write about how to cut losing trades short this week. After all, letting winning trades […]

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How to Hold Winning Trades Longer

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Holding winning Forex trades longer

Happy Friday! This week’s question comes from Denise, who asks: One thing I’ve always struggled with is being able to hold my winning trades longer. What can I do to increase my hold time when a trade is working in my favor? Every trader dreams of catching “the big one”. That one trade that runs […]

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Should You Use a Martingale Forex Strategy?

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Man gambling with chips using Martingale

Happy Friday! This week’s question comes from Josiah, who asks: I’m intrigued by the idea of using a Martingale Forex strategy. What is your opinion of them? Wouldn’t it be nice if a $200 trading robot could make you millions? And best of all, you wouldn’t have to lift a finger once it was properly […]

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How Much Money Can You Make Trading Forex?

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Currencies of the world

Happy Friday! This week’s question comes from Martin, who asks: How much money can I make per month trading Forex? Admit it, this is one of the first questions you asked when you entered the Forex market. There’s no shame in it. I certainly wanted to know how much I could make when I started […]

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